Mike Petters: Huntington Ingalls Eyes Energy Sector

Mike Petters
Mike Petters

Mike Petters, CEO of Huntington Ingalls Industries, identified the energy market as a potential area of growth for the shipbuilding giant in an address to the Atlantic Council, Reuters reported Wednesday.

Petters told the think tank Wednesday that Huntington Ingalls has invested in the energy sector and established healthcare centers at its facilities as part of its long-term goals, Andrea Shalal reports.

He said the company is working to balance investors’ demands for dividend growth with the Huntington Ingalls’ need for longer-term investment plans, according to the report.

“You can buy back shares, raise your dividend, you can do lots of stuff that will actually affect the perceived value of your company, but they’re not investments that are creating new value inside your business,” Petters told the think tank.

Petters added that budget reductions also press the company to limit investments in research and development programs and cut profit margins, Reuters reports.

You may also be interested in...


Nuxeo Obtains HITRUST CSF Certified Status for Content Mgmt Suite

The Health Information Trust Alliance has granted Nuxeo certified status for information security for its cloud-based content management tool offered through the Amazon Web Services platform.

Gremlins Dynetics

Dynetics Concludes Third Flight Test of Gremlins UAV for DARPA

A Dynetics-made unmanned aerial vehicle demonstrated autonomous and manual safety behaviors in a test flight series for the Defense Advanced Research Projects Agency. The Gremlins Air Vehicle, with its corresponding recovery system, performed seven hours of flight in November, at Utah-based Dugway Proving Ground, Dynetics, a Leidos subsidiary, said Wednesday.


HHS Taps Medallia to Help Augment Customer Experience in Health Services

Medallia will deliver user experience technology to help the Department of Health and Human Services address health-related public sector issues and augment key services for HHS customers. The company said Thursday it offers a government-tailored platform that helps agencies determine how to improve citizen experience based on feedback data.